Bitcoin
Bitcoin (BTC)
$101,293.00 -1.91651
Bitcoin price
Ethereum
Ethereum (ETH)
$2,250.64 -6.30463
Ethereum price
BNB
BNB (BNB)
$625.83 -2.35389
BNB price
Solana
Solana (SOL)
$133.27 -4.45747
Solana price
XRP
XRP (XRP)
$2.04 -3.69597
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 -4.53074
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -7.65095
Pepe price
Bonk
Bonk (BONK)
$0.0000125 -7.42476
Bonk price
dogwifhat
dogwifhat (WIF)
$0.687976 -9.42672
dogwifhat price
Popcat
Popcat (POPCAT)
$0.262608 -7.0088
Popcat price
Bitcoin
Bitcoin (BTC)
$101,293.00 -1.91651
Bitcoin price
Ethereum
Ethereum (ETH)
$2,250.64 -6.30463
Ethereum price
BNB
BNB (BNB)
$625.83 -2.35389
BNB price
Solana
Solana (SOL)
$133.27 -4.45747
Solana price
XRP
XRP (XRP)
$2.04 -3.69597
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 -4.53074
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -7.65095
Pepe price
Bonk
Bonk (BONK)
$0.0000125 -7.42476
Bonk price
dogwifhat
dogwifhat (WIF)
$0.687976 -9.42672
dogwifhat price
Popcat
Popcat (POPCAT)
$0.262608 -7.0088
Popcat price
Bitcoin
Bitcoin (BTC)
$101,293.00 -1.91651
Bitcoin price
Ethereum
Ethereum (ETH)
$2,250.64 -6.30463
Ethereum price
BNB
BNB (BNB)
$625.83 -2.35389
BNB price
Solana
Solana (SOL)
$133.27 -4.45747
Solana price
XRP
XRP (XRP)
$2.04 -3.69597
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 -4.53074
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -7.65095
Pepe price
Bonk
Bonk (BONK)
$0.0000125 -7.42476
Bonk price
dogwifhat
dogwifhat (WIF)
$0.687976 -9.42672
dogwifhat price
Popcat
Popcat (POPCAT)
$0.262608 -7.0088
Popcat price
Bitcoin
Bitcoin (BTC)
$101,293.00 -1.91651
Bitcoin price
Ethereum
Ethereum (ETH)
$2,250.64 -6.30463
Ethereum price
BNB
BNB (BNB)
$625.83 -2.35389
BNB price
Solana
Solana (SOL)
$133.27 -4.45747
Solana price
XRP
XRP (XRP)
$2.04 -3.69597
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 -4.53074
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -7.65095
Pepe price
Bonk
Bonk (BONK)
$0.0000125 -7.42476
Bonk price
dogwifhat
dogwifhat (WIF)
$0.687976 -9.42672
dogwifhat price
Popcat
Popcat (POPCAT)
$0.262608 -7.0088
Popcat price

HKMA teams up with Thailand, Brazil central banks on cross-border tokenization pilots

Dorian Batycka
Edited by
News
HKMA teams up with Thailand, Brazil central banks on cross-border tokenization pilots

Hong Kong Monetary Authority has partnered with the Bank of Thailand and Banco Central do Brasil to advance cross-border tokenization projects under collaborative initiatives.

Hong Kong‘s financial watchdog, the Hong Kong Monetary Authority, has partnered with the central banks of Thailand and Brazil to explore cross-border tokenization projects in an effort to develop use cases in areas such as trade finance and carbon credits.

In Monday two separate press releases on Oct. 28, the HKMA said the collaborations will focus on developing use cases for tokenized assets under ongoing projects aimed at enhancing financial technology integration across borders.

Both institutions will build a proof-of-concept to explore the “interoperability of new distributed ledger technology integrated financial market infrastructures,” officials said.

“Expanding our partnership to explore cross-border tokenization use cases further underscores this shared vision.”

Howard Lee, deputy chief executive of the HKMA

Under the agreement with the Bank of Thailand, the HKMA will link its Ensemble Sandbox with the BOT’s Project San to test Payment versus Payment and Delivery versus Payment settlements. The initiatives will cover trade payments, carbon credits, and other tokenization use cases, the press release reads.

Meanwhile, the HKMA’s collaboration with the Banco Central do Brasil will connect the Ensemble Sandbox with Brazil’s Drex pilot platform to conduct similar experiments. The Drex pilot, launched earlier in September, is part of Brazil’s effort to develop a tokenized financial market, and involves over 70 companies exploring themes such as trade finance and green finance.

Per the press release, the HKMA and BCB plan to conduct cross-border experiments linking their central bank digital currency infrastructures to enhance PvP and DvP settlements.